https://www.scmp.com/news/china/money-wealth/article/3016074/unimpeachable-study-calls-foreign-ownership-primary-culprit It has long been knows that buyers from China and Hong Kong have been driving up real estate prices in Vancouver BC. The authors of this article found an almost perfect correlation between foreign ownership and price to income Read more…
Month: June 2020
There are some great tips in this article from Bigger Pockets: https://www.biggerpockets.com/blog/7-tips-offer-accepted-hot-market
This article provides some real estate predictions for 2020 and beyond. The article explains that, despite the recession, high unemployment, and increased bankruptcies, that real estate values are rising nationwide. This is because of low supply and because of unprecedented Read more…
Many states and local jurisdictions have imposed eviction prohibitions on landlords. In some locations, landlords cannot evict even if the tenant was far behind on rent before the COVID lockdowns and has an income as an essential worker. In some Read more…
https://www.recenter.tamu.edu/news/newstalk-texas/… This article lists the best cities for millennials during the pandemic. It provides some real estate predictions for 2020 and 2021, in that millennials are a large part of new buyers in the housing market. In the largest 100 Read more…
Freddie Mac has released its quarterly real estate predictions for 2020 and 2021. They are predicting real estate will appreciate (nationwide) about 0.4% in 2020 and 0.7% in 2021. In other words, basically flat. The predictions are found in the Read more…
Las Vegas is now open for business again. But how quickly will tourists returned to smoke filled gambling halls? Fewer tourists mean less demand for restaurants and casinos. Demand for housing in Las Vegas is currently strong, but how long Read more…
The following article makes some real estate predictions for 2020 for Spokane. https://www.spokesman.com/stories/2020/may/31/will-the-spokane-housing-market-weather-the-storm-/ Nationwide, COVID-19 has affected housing markets due to economic uncertainty. In Spokane, more contracts are failing to close. Some buyers have lost their jobs, and lenders are Read more…